JFrog Ltd. (FROG) Financial Ratios
8 years of historical data (2018–2025) · Technology · Software - Application
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
↓
70.42
-6% vs avg
5yr avg: 75.09
30Y Low29.9·High126.0
P/B Ratio
↑
10.83
↑+113% vs avg
5yr avg: 5.08
30Y Low3.4·High8.2
ROE
↑
-8.6%
↓+18% vs avg
5yr avg: -10.5%
30Y Low-14%·High-4%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FROG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
JFrog Ltd. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 70.4x P/FCF, 6% below the 5-year average of 75.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.0B | $7.3B | $3.2B | $3.6B | $2.1B | $2.8B | $2.9B | — | — |
| Enterprise Value | $10.0B | $7.2B | $3.2B | $3.5B | $2.1B | $2.8B | $2.8B | — | — |
| P/E Ratio → | -133.42 | — | — | — | — | — | — | — | — |
| P/S Ratio | 18.84 | 13.65 | 7.53 | 10.22 | 7.56 | 13.62 | 19.37 | — | — |
| P/B Ratio | 10.83 | 8.18 | 4.17 | 5.27 | 3.39 | 4.41 | 5.27 | — | — |
| P/FCF | 70.42 | 51.02 | 29.93 | 49.55 | 126.03 | 118.91 | 112.62 | — | — |
| P/OCF | 68.75 | 49.80 | 29.08 | 48.22 | 98.80 | 100.89 | 99.15 | — | — |
P/E links to full P/E history page with 30-year chart
FROG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 13.54 | 7.46 | 10.08 | 7.54 | 13.52 | 18.28 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 50.61 | 29.65 | 48.87 | 125.74 | 118.02 | 106.28 | — | — |
FROG Profitability
Margins and return-on-capital ratios measuring operating efficiency
JFrog Ltd. earns an operating margin of -16.9%. Operating margins have expanded from -21.6% to -16.9% over the past 3 years, signaling improving operational efficiency. A negative ROE of -8.6% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.8% | 76.8% | 77.1% | 78.0% | 77.8% | 79.8% | 81.1% | 80.9% | 83.0% |
| Operating Margin | -16.9% | -16.9% | -21.3% | -21.6% | -32.1% | -33.1% | -9.4% | -6.6% | -41.1% |
| Net Profit Margin | -13.5% | -13.5% | -16.2% | -17.5% | -32.2% | -31.1% | -6.2% | -5.2% | -40.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.6% | -8.6% | -9.5% | -9.4% | -14.3% | -10.8% | -3.6% | — | — |
| ROA | -5.8% | -5.8% | -6.6% | -6.6% | -10.5% | -8.3% | -2.0% | -2.4% | -12.0% |
| ROIC | -8.6% | -8.6% | -9.9% | -9.1% | -10.9% | -10.2% | -6.7% | — | — |
| ROCE | -10.3% | -10.3% | -12.0% | -11.0% | -13.4% | -11.0% | -4.0% | -4.5% | -16.8% |
FROG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $77M exceeds total debt of $19M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.03 | 0.05 | 0.07 | 0.07 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.06 | -0.04 | -0.07 | -0.01 | -0.03 | -0.30 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -0.40 | -0.28 | -0.67 | -0.29 | -0.89 | -6.34 | -4.78 | -32.47 |
| Interest Coverage | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($77M) exceeds total debt ($19M)
FROG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
JFrog Ltd.'s current ratio of 2.09x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 2.46x to 2.09x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.09 | 2.09 | 2.04 | 2.46 | 2.54 | 2.85 | 5.32 | 2.31 | 3.28 |
| Quick Ratio | 2.09 | 2.09 | 2.04 | 2.46 | 2.54 | 2.85 | 5.32 | 2.31 | 3.28 |
| Cash Ratio | 1.73 | 1.73 | 1.65 | 2.08 | 2.11 | 2.40 | 4.87 | 1.94 | 2.89 |
| Asset Turnover | — | 0.40 | 0.38 | 0.36 | 0.32 | 0.24 | 0.22 | 0.44 | 0.29 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 82.32 | 77.27 | 79.74 | 80.96 | 89.15 | 89.66 | 86.22 | 113.72 |
FROG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
JFrog Ltd. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 1.4% | 2.0% | 3.3% | 2.0% | 0.8% | 0.8% | 0.9% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $116M | $110M | $103M | $99M | $95M | $46M | $80M | $80M |
Peer Comparison
Compare FROG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FROGYou | $10B | -133.4 | — | 70.4 | 76.8% | -16.9% | -8.6% | -8.6% | — |
 HUBS | $9B | 204.7 | 49.0 | 12.7 | 83.8% | 0.4% | 2.3% | 0.4% | 2.8 |
 GTLB | $4B | -75.9 | — | 20.2 | 87.4% | -7.4% | -6.0% | -7.5% | — |
 DDOG | $79B | 743.3 | 1030.2 | 79.3 | 80.0% | -1.3% | 3.3% | -0.8% | 19.6 |
 ESTC | $6B | 17.2 | — | 19.0 | 76.1% | -1.9% | 33.4% | -2.7% | — |
 TEAM | $22B | -84.4 | — | 15.3 | 82.8% | -2.5% | -21.6% | -110.3% | — |
 CFLT | $11B | -36.0 | — | 175.6 | 74.3% | -32.6% | -27.7% | -15.8% | — |
 DT | $12B | 76.7 | 38.7 | 22.9 | 81.6% | 13.1% | 6.2% | 11.8% | 0.6 |
 PD | $773M | 4.5 | 50.1 | 6.9 | 84.9% | 1.2% | 83.0% | 1.2% | 21.8 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into FROG consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
FROG — Frequently Asked Questions
Quick answers to the most common questions about buying FROG stock.
What is JFrog Ltd.'s P/E ratio?
JFrog Ltd.'s current P/E ratio is -133.4x. This places it at the 50th percentile of its historical range.
What is JFrog Ltd.'s ROE?
JFrog Ltd.'s return on equity (ROE) is -8.6%. The historical average is -9.4%.
Is FROG stock overvalued?
Based on historical data, JFrog Ltd. is trading at a P/E of -133.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are JFrog Ltd.'s profit margins?
JFrog Ltd. has 76.8% gross margin and -16.9% operating margin.